Can the endowment insurance be refunded?

Legal analysis: Old-age insurance can be refunded, but there are conditions. Before reaching the age of receiving old-age insurance benefits, the basic old-age insurance relationship shall not be terminated, and the procedures for surrender shall be handled.

The paid basic old-age insurance premium cannot be withdrawn in advance, but those who meet one of the following conditions may apply for one-time payment:

After the individual who participates in the basic old-age insurance for employees reaches the statutory retirement age, the accumulated payment is insufficient 15 years;

After receiving the application, the social insurance agency shall inform it in writing of its right to transfer to the new rural social endowment insurance or urban residents' social endowment insurance and the consequences of terminating the basic endowment insurance relationship for employees.

After my written confirmation, I will terminate the employee's basic old-age insurance relationship and pay me the amount stored in my personal account in one lump sum.

Individual accounts of employees' basic old-age insurance shall not be withdrawn in advance. Individuals who leave the country and settle down before reaching the statutory conditions for receiving basic old-age insurance benefits will keep their personal accounts, and enjoy the corresponding old-age insurance benefits in accordance with state regulations when reaching the statutory conditions for receiving old-age insurance benefits.

Among them, those who lose their People's Republic of China (PRC) nationality may apply in writing to terminate the basic old-age insurance relationship for employees when leaving the country or after leaving the country.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.